SolarWinds Corp (NYSE:SWI) CEO Kevin B. Thompson sold 19,158 shares of SolarWinds stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.97, for a total value of $363,427.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of SWI traded up $0.39 during trading hours on Thursday, reaching $19.39. 1,070 shares of the company traded hands, compared to its average volume of 386,017. The firm has a market capitalization of $5.97 billion and a PE ratio of 34.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.51 and a quick ratio of 1.36. SolarWinds Corp has a 12-month low of $12.25 and a 12-month high of $21.22.
SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Wednesday, April 24th. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $216.54 million. SolarWinds’s revenue was up 9.6% compared to the same quarter last year. As a group, research analysts anticipate that SolarWinds Corp will post 0.81 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of SolarWinds during the 4th quarter worth approximately $41,000. Rhumbline Advisers bought a new stake in shares of SolarWinds in the fourth quarter valued at $292,000. First Trust Advisors LP bought a new stake in shares of SolarWinds in the fourth quarter valued at $3,579,000. Dean Capital Investments Management LLC bought a new stake in shares of SolarWinds in the fourth quarter valued at $552,000. Finally, BlackRock Inc. bought a new stake in shares of SolarWinds in the fourth quarter valued at $8,561,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.
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SolarWinds Company Profile
SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.
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